Shale

Oil and gas producers working in Argentina continued to increase activity in June, adding four rigs during the month, according to information from Baker Hughes Co.   Argentina had a total of six rigs running in June, compared to two in May and zero in April as the country had strict lockdown measures from the coronavirus…

A marathon campaign to revive dormant natural gas drilling in Quebec advanced a step in an asset transaction announced Wednesday by Questerre Energy Corp.

A marathon campaign to revive dormant natural gas drilling in Quebec advanced a step in an asset transaction announced Wednesday by Questerre Energy Corp.

Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.

Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.

The United States is likely to account for about 85% of the increase in global oil production and 30% of natural gas output to 2030, putting pressure on the world’s traditional operators, according to the latest projections by the International Energy Agency (IEA).

EQT Corp. CEO Toby Rice told an industry audience in Pittsburgh on Wednesday that “shale works,” insisting that the country’s leading unconventional oil and gas producers will increasingly demonstrate the economics of their assets and more consistently deliver stronger returns as the investment community pushes for better results.

Pittsburgh International Airport (PIA) has awarded a 20-year contract to utility Peoples Natural Gas to build and operate a microgrid to power its entire campus.

Potential natural gas reserves in the United States were an estimated 3,374 Tcf at the end of 2018, a record high, according to a biennial report conducted by the Potential Gas Committee (PGC).